The President

29-Jan-2020

‘Agriculture is the most important business in the world,’ African Development Bank President Akinwumi Adesina tells students

African Development Bank President Akinwumi Adesina reminded students of the important role they have to play in the continent’s economic development, as he was conferred with an honorary doctorate in his homeland. The Doctorate of Science was awarded by the Federal University of Agriculture in Abeokuta, Nigeria, on Tuesday, in honor of Adesina’s work in agriculture and food security across the continent. Lauding the choice of Adesina as the institution’s 2020 awardee, the Chancellor, Edidem Ekpo Okon Abasi-Otu, described him as a global household name whose exploits in promoting value...
23-Jan-2020

African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange

Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank to open markets for trading at London Stock Exchange on Wednesday 22 January. The reception in London followed the African Development Bank’s Africa Investment Forum, held in November last year. The innovative market-place for accelerating investment into the continent is playing a valuable role in convening investors and corporates and removing the bottlenecks to investments and enabling a free flow of long-term capital. The 2019 edition of the Forum, held in Johannesburg, South...
22-Jan-2020

Remarks Delivered by Dr. Akinwumi A. Adesina, President of the African Development Bank Group at the London Stock Exchange, London United Kingdom, January 22, 2020

Good morning! I would like to thank Don Robert, the Chairman of the London Stock Exchange Group for inviting me to the exchange. It’s great to be here! It’s such an honor and privilege to be asked to open the market today. The London Stock Exchange is the 3rd largest in the world with a market capitalization of about $4.6 trillion. And Africa is tapping into the London Stock Exchange. In 2019, Africa had 110 companies listed on the London Stock Exchange, with market capitalization of $197 billion. As wealth grows in Africa, it leads to wealth right here also in the United...
22-Jan-2020

Keynote Speech Delivered by Dr. Akinwumi A. Adesina, President, African Development Bank, at the Parliamentary Symposium on UK-Africa Trade and Brexit, at the House of Commons, London, January 21, 2020

Honorable Members of the House of Commons and the House of Lords, distinguished guests, ladies and gentlemen, Good morning! Thank you, Honorable Chi Onwurah, Chair of the All-Party Parliamentary Group for Africa, for the invitation to speak to you today at this Parliamentary Symposium on the theme UK-Africa Trade and Brexit. I feel greatly honored. I would also like to thank the Royal African Society, Oxford Brookes University and the Trade Justice Network for organizing this event. As you would have noticed, the presence of all of us from Africa, with Presidents and Heads of State...
21-Jan-2020

Ride the wave of the African Continental Free Trade Area, African Development Bank president Adesina Urges UK investors

Africa is on the cusp of unmatched economic transformation, and the UK must engage in a “partnership of change,” African Development Bank President Akinwumi Adesina said Tuesday in a keynote address at a UK Parliamentary Symposium. “The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said. The Symposium was co-organized by the All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network under the theme UK-Africa Trade and Brexit.  The Bank’s...
21-Jan-2020

Keynote Speech delivered by Dr. Akinwumi A. Adesina at the UK-Africa Investment Summit, “Sustainable Infrastructure Forum” London, January 21, 2020

Good morning everyone! It’s a pleasure to join you at this special side event organized as part of the UK-Africa Investment Summit. Let me congratulate the organizers, the Department for International Development (DFID) and Her Majesty’s Trade Commissioner for Africa for hosting us today. The DFID is a key strategic partner of the African Development Bank. Since joining the African Development Bank in 1983, the DFID has been a lead supporter of the African Development Bank. It’s strong and consistent support for the African Development Fund has helped us to support the development of...
17-Jan-2020

African Development Bank's Akinwumi Adesina heads to UK-Africa investment summit: Revitalizing economic ties top of agenda

New opportunities for bi-lateral trade and increasing UK investor appetite in Africa will be the main focus of the UK-Africa summit, convened by Prime Minister Boris Johnson, on January 20th. African Development Bank President Akinwumi Adesina is expected in London for the milestone investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ Africa, a continent brimming with investment opportunities, is home to six of the ten fastest-growing economies in the world.  The Summit will bring together businesses, governments, and international...
23-Dec-2019

‘Let West Africa’s success echo throughout the world.’ ECOWAS hails the success of African Development Bank investments in the region

The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said the Bank had provided “invaluable technical and financial interventions…in the implementation of numerous projects and programmes”. The region’s economy is showing positive achievements, reaching 3.3 percent growth in 2019, he said, “despite facing...
23-Dec-2019

ECOWAS endorses Adesina for second term as President of the African Development Bank

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for a second term at the helm of the institution. The decision was announced at the end of the fifty-sixth ordinary session of the Authority of Heads of State and Government of ECOWAS, held on Saturday in Abuja, Nigeria. “In recognition of the sterling performance of Dr. Akinwumi Adesina during his first term of office as President of the African Development Bank, the Authority endorses his candidacy for a second term as the President of the bank,”...
06-Dec-2019

African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award

African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The ninth edition of the awards, organized by AABLA™ in conjunction with CNBC Africa, seeks to honour leaders who have contributed and shaped the African economy. The Africa Investment Forum, inaugurated in 2018, has been a trailblazer in tilting investments into the...
04-Dec-2019

The African Development Bank Group appoints Stefan Nalletamby as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex

President Akinwumi Adesina of the African Development Bank Group is pleased to announce the appointment Mr. Stefan Nalletamby, as Acting Vice-President for the Private Sector, Infrastructure and Industrialization Complex. Mr. Nalletamby has been the Director for the Financial Sector Development Department at the African Development Bank since its creation in September 2014. He oversees three divisions: Financial Inclusion and Intermediation, Capital Markets Development, and Trade Finance.  He was previously the Coordinator of the Making Finance Work for Africa...
25-Nov-2019

« Soyons ambitieux dans les réformes et maintenons le cap », a exhorté Akinwumi Adesina lors du Sommet extraordinaire des chefs d’État de la CEMAC à Yaoundé

Le président du Cameroun, Paul Biya, a ouvert officiellement, ce vendredi à Yaoundé, le Sommet extraordinaire de la Conférence des chefs d’État de la Communauté économique et monétaire de l’Afrique centrale (CEMAC), dont il est le président en exercice. Le président de la Banque africaine de développement, Akinwumi Adesina, a pris part au Sommet aux côtés des chefs d’État du Congo, Denis Sassou Nguesso, de la Guinée équatoriale, Teodoro Obiang Nguema Mbasogo, de la République centrafricaine, Faustin-Archange Touadera, et du Tchad, Idriss Déby Itno. Le Gabon était représenté par son Premier...
25-Nov-2019

Global Gender Summit 2019: African leaders take on the responsibility to urgently close the gender gap

‘There is no template to follow…we (women) can deliver but we can deliver differently” - President Sahle-Work Zewde, President of Ethiopia ‘We are making sure that narrowing this gender gap is everyone’s responsibility,’ President Paul Kagame of Rwanda “This discrimination is political, economic and social; it is politically incorrect, unjustifiable socially.’ - Chairperson of the African Union Commission Moussa Faki Mahamat ‘ A smarter world must invest in women and girls. Let’s be smart and let’s be wise. Women are the best investment any society can make,’ Dr. Akinwumi Adesina,...
25-Nov-2019

Opening remarks by Dr Akinwumi A Adesina President of the African Development Bank Group - Global Gender Summit - Kigali, Rwanda - Monday 25 November 2019

Your Excellency, Paul Kagame, President of the Republic of Rwanda; Your Excellency, Sahle-Work Zewde, President of the Federal Democratic Republic of Ethiopia; Your Excellency, Moussa Faki Mahamat, Chairperson of the African Union Commission; Your Excellency, Joyce Banda, former President of the Republic of Malawi; Your Excellency, Rt. Honourable Édouard Ngirente, Prime Minister of the Republic of Rwanda, and Members of the Government of Rwanda; Your Excellency, Hailemariam Desalegn, former Prime Minister of the Federal Democratic Republic of Ethiopia; Your Excellency,...
18-Nov-2019

Africa Investment Forum 2019: Masai Ujiri urges African leaders to invest in sports, commissions two new “players”

Masai Ujiri, President of the Toronto Raptors, made his second appearance at the Africa Investment Forum, renewing his call for African governments to invest in sports. Ujiri, the only President of National Basketball Association (NBA) of African origin in franchise history, has worked hard over the past year to scout talent and raise awareness about the success and growth of sports on the continent. “We should be supporting teams here in Africa, that should be our vision. Sports is the next big thing in Africa,” Ujiri said, calling on investors to pay “close attention.” With all the...
14-Nov-2019

Africa Investment Forum 2019: "Africa's time is now!", says Akinwumi Adesina, President of the African Development Bank

At the close on Wednesday of the second edition of the Africa Investment Forum in Johannesburg, African Development Bank president Akinwumi Adesina put the accent on current investment opportunities in Africa and on assuring young African entrepreneurs of the institution's support. During the closing ceremony of AIF 2019, held from 11 to 13 November in the economic capital of South Africa, President Adesina said, "The Africa Investment Forum is the work of a collective, of those who believe in the development of the continent. Africa's time is now and we want to be more inspired and more...
13-Nov-2019

Africa Investment Forum 2019 : la République démocratique du Congo et la République du Congo signent un accord pour accélérer le projet de pont route-rail reliant leurs capitales

De droite à gauche: Jean-Jacques Bouya, ministre de l’Aménagement, de l’équipement du territoire et des grands travaux de la République du Congo ; Akinwumi Adesina, Président de la Banque africaine de développement ; Mme Élysée Munembwe Tamukumwe, vice-Premier ministre du Plan de la République démocratique du Congo et Alain Ebobissé, Directeur général d’Africa50, juste après la signature de l’Accord, à Johannesburg La République démocratique du Congo et la République du Congo ont signé, hier, dans le cadre de l’Africa Investment Forum à Johannesburg, un accord interétatique visant à...
12-Nov-2019

2019 Africa Investment Forum: historic signing of high-speed railway construction concession agreement for Ghana, with the support of the African Development Bank

The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of the second Africa Investment Forum, running from Monday to Wednesday in Johannesburg. “It’s a great day for Ghana!” said Ghanaian President Nana Akufo-Addo. “I was here last year and I’m back this year to make sure the project moves forward. This proves how important the Africa Investment Forum is. The signing of this agreement is on track to improve the lives of our citizens.” The Accra...
11-Nov-2019

Africa Investment Forum 2019: "No country on the continent left behind," says Akinwumi Adesina

The President of the African Development Bank Group, Akinwumi Adesina, has given the assurance that no country would be left behind as the institution accelerates its development agenda. “No country is left behind and there will be no country,” Adesina told journalists on Monday at the Africa Investment Forum, held from 11 to 13 November in Johannesburg, South Africa. “We are ensuring that many investments are directed to fragile or low-income countries. We are not afraid to invest in Africa and in so-called ‘at-risk’ countries.” Adesina expects more investments during this second...
11-Nov-2019

Allocution d’ouverture du dîner de gala Forum pour l’investissement en Afrique Johannesburg (Afrique du Sud) 11 novembre 2019 par Dr Akinwumi A Adesina

SON EXCELLENCE M. CYRIL RAMAPHOSA, PRÉSIDENT DE LA RÉPUBLIQUE D’AFRIQUE DU SUD SON EXCELLENCE M. PAUL KAGAME, PRÉSIDENT DE LA RÉPUBLIQUE DU RWANDA SON EXCELLENCE M. NANA AKUFO-ADDO, PRÉSIDENT DE LA RÉPUBLIQUE DU GHANA HONORABLE PHILIP MPANGO, MINISTRE DES FINANCES ET DU PLAN ET REPRÉSENTANT DU PRÉSIDENT DE LA RÉPUBLIQUE UNIE DE TANZANIE MONSIEUR JEAN JACQUES BOUYA, MINISTRE DU DÉVELOPPEMENT, DE L’AMÉNAGEMENT DU TERRITOIRE ET DES GRANDS TRAVAUX, REPRÉSENTANT DU PRÉSIDENT DE LA RÉPUBLIQUE DU CONGO MONSIEUR VITAL KAMERHE, REPRÉSENTANT PERSONNEL DU PRÉSIDENT DE LA RÉPUBLIQUE...